Smart Soda


About this raise: Smart Soda, with a valuation of $81 million, is raising funds on Republic. The water company makes and sells vitamin-infused soda and flavored sparkling water. Smart Soda provides AI-driven wellness for the future of hydration and offers SmartSoda as a service that leverages technology and AI to provide personalized hydration solutions. Julia Solooki, Lior Shafir, Ash Singh, and Solomon Mayer founded Smart Soda in February 2019. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $5 million. The campaign proceeds will be used for smart tumbler production, marketing and trade shows, RTD production, global expansion, PR, and AI development.

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Investment Overview

Committed this round: $489,825

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
12/30/2024
Close Date
03/20/2025
Min. Goal
$75,000
Max. Goal
$5,000,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$1.55

Pre-Money Valuation

$81,000,000

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Beachwood, Ohio
Business Type
High Growth
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Lior Shafir
Title
CEO and Chairman
Founder Name
Julia Solooki
Title
President
Founder Name
Ash Singh
Title
CTO
Founder Name
Sol Mayer
Title
Co-Founder

Financials

as of November 15, 2024
 Revenue +101% YoY
$1,480,806
 Monthly Burn
$35,083
 Runway
12 months
Gross Margin
43%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,480,806

$737,044

COGS

$845,339

$241,670

Tax

$0

$0

 

 

Net Income

$-2,574,399

$-2,742,129

Summary Balance Sheet

FY 2023 FY 2022

Cash

$2,444

$506,386

Accounts Receivable

$480,132

$171,127

Total Assets

$5,207,093

$2,067,767

Short-Term Debt

$368,548

$0

Long-Term Debt

$1,382,488

$705,500

Total Liabilities

$1,751,036

$705,500

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$6,939,082
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/20/2025 Republic $81,000,000 $489,825 Equity - Common Active RegCF / RegD 506(c)
12/01/2020 Republic $10,700,000 $230,000 Equity - Common Funded RegCF
04/06/2020 StartEngine $10,715,000 $304,092 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Smart Soda on Republic 2024
Platform: Republic
Security Type: Equity - Common
Valuation: $81,000,000
Price per Share: $1.55

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